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Latest Briefings

Significant Beneficial Ownership: MCA Releases Amended Rules

On 8 February 2019, the Ministry of Corporate Affairs (MCA) released the Companies (Significant Beneficial Owners) Amendment Rules, 2019 (New SBO Rules) to revise and amend the Companies (Significant Beneficial Owners), 2018 (Old SBO Rules). The New SBO Rules have once again kick-started the process of requiring significant beneficial owners to start the reporting procedures. […]

Bermuda’s beneficial ownership registers and privacy: status update and further observations

Bermuda companies, limited liability companies and partnerships have until 30 April 2019 to update or verify beneficial ownership information under Bermuda’s ‘beneficial ownership legislation’. Bermuda’s central register of beneficial ownership information is held on the Bermuda Monetary Authority’s (BMA) “Integra portal”, a secure online registration and filing system. Currently, under Bermuda law, the information on […]

Trusts vs. Foundations: What are the deciding factors?

Trusts have been around for a long time. Their use in the context of succession and wealth planning as well as philanthropy is well established. Foundations, on the other hand, are relatively new (certainly to common law jurisdictions such as Jersey) and as a result there are fewer of them. However, they are being increasingly […]

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Three Fountain Court faces dismissal claim

Collapsed Birmingham common law set Three Fountain Court is facing an unfair dismissal claim from its former senior clerk as regional rivals prepare to pounce on its members. The 50-member set voted on 7 July to dissolve and is due to close its doors at the end of July. Three Fountain Court recently dismissed senior […]

French corporate boutiques suffer as Anglo-Saxon firms thrive

France’s leading independent corporate firms Bredin Prat and Darrois Villey Maillot Brochier both saw a drop in income in an otherwise strong financial year in France. Anglo-Saxon law firms in Paris are winning business from Bredin Prat and Darrois Villey, which have traditionally dominated the French corporate market. Turnover dropped four per cent at Bredin […]

US firms keep marriages local

Plenty of US firms have taken a leaf out of Reed Smith‘s and Richards Butler’s book as the two firms look to complete their transatlantic merger following a successful partnership vote last month. But instead of a flurry of tie-ups across the pond, the US market is instead being bombarded by national link-ups. Pittsburgh-based law […]

DLA hires GM GC to boost Chinese operations

DLA Piper Rudnick Gray Cary has hired the former general counsel of Shanghai General Motors as a partner in its Shanghai office. Henry Wang is a US qualified lawyer with in depth experience of China’s motor industry. He also has experience in M&A, joint ventures or wholly foreign owned entities, IP, corporate financing, dispute resolution, […]

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On the critical list

Richard Burns has gone missing. The former senior partner of the UK’s most troubled firm, Hammonds, officially stepped down from his management role at the beginning of May; but since then little has been seen of him. In Burns’ absence, managing partner Peter Crossley has just about managed to hold the firm together – thanks […]

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